expense (5,127) (4,202) (15,501) (11,216)
Less: Employer
taxes on
employee stock
transactions (64) (176) (391) (264)
------------------------ ------------------------ ------------------------ ------------------------
Non-GAAP general
and
administrative $ 7,433 $ 6,361 $ 21,951 $ 19,343
------------------------ ------------------------ ------------------------ ------------------------
Three Months Ended October 31, Nine Months Ended October 31,
-------------------------------------------------- --------------------------------------------------
2024 2023 2024 2023
------------------------ ------------------------ ------------------------ ------------------------
Reconciliation of
GAAP operating
loss to non-GAAP
operating loss:
Total revenue $ 51,628 $ 45,813 $ 154,544 $ 129,948
------------------------ ------------------------ ------------------------ ------------------------
Loss from
operations $ (19,234) $ (17,542) $ (62,822) $ (61,944)
Add: Stock-based
compensation
expense 15,288 11,755 46,071 33,147
Add: Employer
taxes on
employee stock
transactions 467 757 2,474 1,557
Add:
Restructuring(2) -- -- -- 46
------------------------ ------------------------ ------------------------ ------------------------
Non-GAAP
operating loss $ (3,479) $ (5,030) $ (14,277) $ (27,194)
------------------------ ------------------------ ------------------------ ------------------------
Operating margin (37) % (38) % (41) % (48) %
Non-GAAP
operating
margin (7) % (11) % (9) % (21) %
Three Months Ended October 31, Nine Months Ended October 31,
-------------------------------------------------- --------------------------------------------------
2024 2023 2024 2023
------------------------ ------------------------ ------------------------ ------------------------
Reconciliation of
GAAP net loss to
non-GAAP net
loss:
Net loss $ (18,152) $ (16,255) $ (59,042) $ (58,781)
------------------------ ------------------------ ------------------------ ------------------------
Add: Stock-based
compensation
expense 15,288 11,755 46,071 33,147
Add: Employer
taxes on
employee stock
transactions 467 757 2,474 1,557
Add:
Restructuring(2) -- -- -- 46
------------------------ ------------------------ ------------------------ ------------------------
Non-GAAP net loss $ (2,397) $ (3,743) $ (10,497) $ (24,031)
------------------------ ------------------------ ------------------------ ------------------------
GAAP net loss per
share $ (0.35) $ (0.34) $ (1.16) $ (1.26)
------------------------ ------------------------ ------------------------ ------------------------
Non-GAAP net loss
per share $ (0.05) $ (0.08) $ (0.21) $ (0.51)
------------------------ ------------------------ ------------------------ ------------------------
Weighted average
shares
outstanding,
basic and
diluted 51,831 47,586 50,821 46,724
------------------------ ------------------------ ------------------------ ------------------------
(2) For the nine months ended October 31, 2023, an immaterial amount of
stock-based compensation expense related to restructuring charges was
included in the restructuring expense line.
The following table presents a reconciliation of free cash flow to net cash provided by (used in) operating activities, the most directly comparable GAAP measure, for each of the periods indicated (in thousands, unaudited):
Three Months Ended October 31, Nine Months Ended October 31,
------------------------------------------------ ------------------------------------------------
2024 2023 2024 2023
----------------------- ----------------------- ----------------------- -----------------------
Net cash
used in
operating
activities $ (16,895) $ (12,743) $ (20,186) $ (20,443)
Less:
Additions
to
property
and
equipment $(583.SI)$ (1,066) (2,645) (3,425)
----------------------- ----------------------- ----------------------- -----------------------
Free cash
flow $ (17,478) $ (13,809) $ (22,831) $ (23,868)
----------------------- ----------------------- ----------------------- -----------------------
Net cash
(used in)
provided
by
investing
activities $ (15,392) $ 14,647 $ 2,885 $ 18,093
Net cash
provided
by
financing
activities $ 2,835 $ 3,856 $ 8,766 $ 9,353
Couchbase, Inc.
Key Business Metrics
(in millions)
(unaudited)
As of
Jan. 31, April 30, July 31, Oct. 31, Jan. 31, April 30, July 31, Oct. 31,
2023 2023 2023 2023 2024 2024 2024 2024
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Annual
Recurring
Revenue $ 163.7 $ 172.2 $ 180.7 $ 188.7 $ 204.2 $ 207.7 $ 214.0 $ 220.3
View original content to download multimedia:https://www.prnewswire.com/news-releases/couchbase-announces-third-quarter-fiscal-2025-financial-results-302321531.html
SOURCE Couchbase, Inc.
/CONTACT: Investor Contact: Edward Parker, ICR for Couchbase, IR@couchbase.com; Media Contact: Amber Winans, Bhava Communications for Couchbase, CouchbasePR@couchbase.com
(END) Dow Jones Newswires
December 03, 2024 16:05 ET (21:05 GMT)
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